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Agricultural News

OSU's Kim Anderson Talks about Harvested Delivery Commodity Prices On This Weeks SUNUP

Thu, 04 Mar 2021 15:07:57 CST

OSU's Kim Anderson Talks about Harvested Delivery Commodity Prices On This Weeks SUNUP Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets weekly on SUNUP.

This week Dr. Anderson said crop prices are still looking pretty good, and right now the market is offering some pretty good prices for harvested delivered commodities as well, "If you look at Medford Oklahoma, and remember that prices are changing 10 to 15, cents up or down a day. But right now, the current price is $6, for wheat. For harvest delivered wheat its at $6.25. That's a 15 cent under basis. You look at corn, the current price is $5.25, you can forward contract it for harvest delivery at $5.00, thats at 15 cents under that December contract. Milo is at $6.90 for current price, $5.40 for harvest delivered. Thats 70 cents over that corn December contract. Soybeans current price $13.60, forward contract for harvest delivery $11.50 that 70 cents underneath that November, soybean contract. Canola I don't have a forward contract for it, but the current price is $8.90. a bushel. Cotton futures is at 89 cents for the current cotton contract, and for the December contract is 85 cents."

This week on SUNUP, Amanda Silva tells us why the wheat crop may be yellow in parts of the state. She also has advice for producers as we near first hollow stem .

- Then, in the Mesonet weather report, Wes Lee shows us which parts of the state may soon have a flush of alfalfa weevils. Gary McManus says drought is shifting across the state.

- Brian Arnall reminds producers to monitor their N-Rich Strips as application windows close.

- In Cow-Calf Corner, Mark Johnson explains why it is crucial to plan breeding goals when it comes to bulls. He also says breeding soundness exams will be especially important following the freezing temperatures.

- Amy Hagerman reminds producers about the upcoming ARC & PLC deadlines .

- Kim Anderson will not totally dismiss rumors of $42 wheat in 2023 because of inflation, transportation and supply concerns.

- Finally, in Extension Explains, Justin Talley tells us how mosquitos over-winter and if the recent freezes impacted them.

Join us for SUNUP

Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV



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